Pachamuthu said it was only to secure his release he had paid a sum of '75 crore as ordered by the sessions judge.
Chennai: Chairman of SRM group of institutions T.R. Pachamuthu has filed a petition in Madras high court to clarify its order dated March 20 to the effect that he has been asked to pay the additional sum of Rs 10 crore by way of a bank guarantee only to meet out fresh claims made by students and this has nothing to do with the release of film producer Madan on bail.
In his petition, Pachamuthu alias Parivendhar submitted that originally he filed a petition to quash the proceedings pending before the XI Metropolitan Magistrate, Saidapet.
His entire case was that Madan, an accused in a criminal case, was a fraud and had cheated him and the people falsely claiming that he was his agent and that he would secure admission to medical courses in SRM University by taking money from students, which Madan had appropriated to himself, he added.
He said it was only to secure his (Pachamuthu) release he had paid a sum of Rs 75 crore as ordered by the sessions judge. However, when his petition to quash the FIR was taken up for hearing on March 17, it was observed that the claims made by the new claimants would roughly come around Rs 10 crore and that he should be prepared to deposit a sum of Rs 10 crore.
This deposit of Rs 10 crore had nothing to do with the petition filed by Madan, to modify the order of the lower court, which directed Madan to deposit a sum of Rs 10 crore for releasing him on bail. This court had on March 20 passed a common order.
However, reading of para 7 of the order showed that the petitioner was furnishing a bank guarantee for Rs 10 crore for the release of Madan, which was not the case of anybody.
The petitioner was asked to Rs 10 crore because of the fresh claims since received after the deposit of Rs 75 crore. Though both the petitions filed by him and Madan were heard together, both were distinct and separate.
Therefore, the sum of Rs 10 crore agreed to be deposited by way of bank guarantee was in no way related to the petition filed by Madan and has no connection whatsoever to the amount that has to be paid by Madan for his bail.
In view of the error that has crept in the order of this court, few private satellite channels had flashed news that the petitioner was paying Rs 10 crore for the release of Madan on bail. This has damaged his reputation, he added.
